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Acquisition of Inergy Propane (Tables) | 12 Months Ended
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Sep. 28, 2013
Acquisition of Inergy Propane [Abstract] |
Purchase price allocation | The table provides the final purchase price allocation:
Assets acquired: |  |  |
Cash and cash equivalents |  | $ | 7,964 |
Accounts receivable |  |  | 36,076 |
Inventories |  |  | 30,457 |
Other current assets |  |  | 2,067 |
Current assets acquired |  |  | 76,564 |
Property, plant & equipment |  |  | 617,854 |
Customer relationships (estimated useful life of 9 years) |  |  | 445,500 |
Non-compete agreements (estimated useful life of 6 years) |  |  | 23,059 |
Other intangible assets (estimated useful life of 4 years) |  |  | 1,983 |
Goodwill |  |  | 809,778 |
Other assets |  |  | 2,151 |
Total assets acquired |  | $ | 1,976,889 |
Liabilities assumed: |  |  |  |
Accounts payable |  | $ | 16 |
Accrued employment and benefit costs |  |  | 2,149 |
Customer deposits and advances |  |  | 48,469 |
Other current liabilities |  |  | 18,613 |
Other noncurrent liabilities |  |  | 16,727 |
Total liabilities assumed |  |  | 85,974 |
Total |  | $ | 1,890,915 |
Unaudited pro forma combined financial information | The following presents unaudited pro forma combined financial information as if the Inergy Propane Acquisition had occurred on September 26, 2010, the first day of the Partnership’s 2011 fiscal year, as adjusted for the final purchase price allocation. The unaudited pro forma combined financial information was prepared under the assumption that the net proceeds from the issuance of the 6,300,000 Common Units on August 14, 2012 were used to fund the portion of the Inergy Propane Acquisition that was originally financed through the 364-Day Facility (which was repaid two weeks after the Acquisition Date). As a result, the Common Units were assumed to have been issued on September 26, 2010, and, in turn, the pro forma results for the fiscal year ended September 29, 2012 do not include any interest costs associated with the 364-Day Facility.
|  | Year Ended |
|  | September 29, 2012 |  |  | September 24, 2011 |
Revenues |  | $ | 1,842,698 |  |  | $ | 2,242,876 |
Net income |  | $ | 12,824 |  |  | $ | 116,287 |
Income per common unit |  |  |  |  |  |  |  |
Basic |  | $ | 0.23 |  |  | $ | 2.08 |
Diluted |  | $ | 0.23 |  |  | $ | 2.07 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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